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Toshiba shareholders arriving for a meeting in Chiba on Thursday. They voted to approve the sale of its prized memory chips division to cover costs resulting from the Westinghouse bankruptcy.

PHOTO: AFP

New York

WESTINGHOUSE Electric Co's financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclear developer a lifeline while it reorganises in bankruptcy, according to court papers and people familiar with the matter.